The S&P 500 futures sold of early through the previous 5 day trading range, leaving a questionable low at just 2 ticks above the previous week’s low at 1964.50. Trading below 1910.25 leaves the current down trend in tact, trading above that level could usher in more buying/short covering. The market is confused with no clear direction, constantly trading from being too long to too short.

A trade consideration for Thursday could be the afternoon M period pullback low at 1897, and be mindful of the wide point of control at 1882.25.